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IGF vs. TUR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IGF vs. TUR

Last updated Jun 13, 2026

IGF (iShares Global Infrastructure ETF) and TUR (iShares MSCI Turkey ETF) are both exchange-traded funds - IGF is a Industrials Equities fund tracking the S&P Global Infrastructure Index, while TUR is a Emerging Markets Equities fund tracking the MSCI Turkey Investable Market Index. Both are passively managed. Over the past 10 years, IGF returned 8.67%/yr vs 2.98%/yr for TUR. At a 0.46 correlation, their price movements are largely independent. IGF charges 0.39%/yr vs 0.59%/yr for TUR.

Performance

IGF vs. TUR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Infrastructure ETF (IGF) and iShares MSCI Turkey ETF (TUR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IGF achieves a 9.68% return, which is significantly lower than TUR's 14.64% return. Over the past 10 years, IGF has outperformed TUR with an annualized return of 8.67%, while TUR has yielded a comparatively lower 2.98% annualized return.

IGF

1D
0.67%
1M
0.31%
YTD
9.68%
6M
10.24%
1Y
16.24%
3Y*
16.28%
5Y*
10.22%
10Y*
8.67%

TUR

1D
0.82%
1M
-6.87%
YTD
14.64%
6M
14.49%
1Y
28.22%
3Y*
12.86%
5Y*
13.69%
10Y*
2.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IGF vs. TUR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IGF
iShares Global Infrastructure ETF		9.68%21.31%14.81%6.14%-1.26%11.57%-6.50%25.82%-9.95%19.31%
TUR
iShares MSCI Turkey ETF		14.64%-1.54%12.91%-8.83%105.75%-27.41%-1.19%14.49%-41.46%37.58%

Correlation

The correlation between IGF and TUR is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.23

Correlation (3Y)
Calculated over the trailing 3-year period

0.16

Correlation (5Y)
Calculated over the trailing 5-year period

0.21

Correlation (10Y)
Calculated over the trailing 10-year period

0.29

Correlation (All Time)
Calculated using the full available price history since Mar 28, 2008

0.46

Over the past year, the correlation between IGF and TUR has dropped to 0.23 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

IGF vs. TUR - Sectors Allocation Comparison

Sectors
IGF
TUR

Utilities

41.1%
3.5%

Industrials

38.8%
32.0%

Energy

20.1%
5.9%

Real Estate

0.1%
4.1%

Basic Materials

-

9.8%

Communication Services

-

3.2%

Consumer Cyclical

-

6.3%

Consumer Defensive

-

11.4%

Financial Services

-

22.0%

Healthcare

-

1.8%

Technology

-

0.8%

Utilities

IGF
41.1%
TUR
3.5%

Industrials

IGF
38.8%
TUR
32.0%

Energy

IGF
20.1%
TUR
5.9%

Real Estate

IGF
0.1%
TUR
4.1%

Basic Materials

IGF

-

TUR
9.8%

Communication Services

IGF

-

TUR
3.2%

Consumer Cyclical

IGF

-

TUR
6.3%

Consumer Defensive

IGF

-

TUR
11.4%

Financial Services

IGF

-

TUR
22.0%

Healthcare

IGF

-

TUR
1.8%

Technology

IGF

-

TUR
0.8%

Compare stocks, funds, or ETFs

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iShares Global Infrastructure ETF

iShares MSCI Turkey ETF

Often compared with IGF:
IGF vs. IFRAIGF vs. GIIIGF vs. NFRAIGF vs. SPYIGF vs. GLIFXIGF vs. VPUIGF vs. XLU
Often compared with TUR:
TUR vs. VOOTUR vs. HEDJTUR vs. AMRTUR vs. EPOLTUR vs. SPYTUR vs. VGKTUR vs. SFM

Return for Risk

IGF vs. TUR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IGF
IGF Risk / Return Rank: 5454
Overall Rank
IGF Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
IGF Sortino Ratio Rank: 5252
Sortino Ratio Rank
IGF Omega Ratio Rank: 4949
Omega Ratio Rank
IGF Calmar Ratio Rank: 6464
Calmar Ratio Rank
IGF Martin Ratio Rank: 5353
Martin Ratio Rank
TUR
TUR Risk / Return Rank: 3737
Overall Rank
TUR Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
TUR Sortino Ratio Rank: 3636
Sortino Ratio Rank
TUR Omega Ratio Rank: 3737
Omega Ratio Rank
TUR Calmar Ratio Rank: 4040
Calmar Ratio Rank
TUR Martin Ratio Rank: 3737
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IGF vs. TUR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure ETF (IGF) and iShares MSCI Turkey ETF (TUR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

IGFTURDifference
Sharpe ratioReturn per unit of total volatility
1.55
1.12

+0.43

Sortino ratioReturn per unit of downside risk
2.22
1.68

+0.54

Omega ratioGain probability vs. loss probability

1.27

1.22

+0.05

Calmar ratioReturn relative to maximum drawdown

2.78

1.76

+1.02

Martin ratioReturn relative to average drawdown

8.03

5.03

+3.00

IGF vs. TUR - Sharpe Ratio Comparison

The current IGF Sharpe Ratio is 1.55, which is higher than the TUR Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of IGF and TUR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IGF vs. TUR - Drawdown Comparison

The maximum IGF drawdown since its inception was -58.33%, smaller than the maximum TUR drawdown of -72.34%. Use the drawdown chart below to compare losses from any high point for IGF and TUR.

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Drawdown Indicators

IGFTURDifference

Max Drawdown

Largest peak-to-trough decline

-58.33%

-72.34%

+14.01%

Max Drawdown (1Y)

Largest decline over 1 year

-5.87%

-16.07%

+10.20%

Max Drawdown (3Y)

Largest decline over 3 years

-14.28%

-31.63%

+17.35%

Max Drawdown (5Y)

Largest decline over 5 years

-20.83%

-31.63%

+10.80%

Max Drawdown (10Y)

Largest decline over 10 years

-42.11%

-59.25%

+17.14%

Current Drawdown

Current decline from peak

-2.98%

-27.85%

+24.87%

Average Drawdown

Average peak-to-trough decline

-11.86%

-39.88%

+28.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.04%

5.64%

-3.60%

Volatility

IGF vs. TUR - Volatility Comparison

The current volatility for iShares Global Infrastructure ETF (IGF) is 3.85%, while iShares MSCI Turkey ETF (TUR) has a volatility of 14.05%. This indicates that IGF experiences smaller price fluctuations and is considered to be less risky than TUR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IGFTURDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.85%

14.05%

-10.20%

Volatility (6M)

Calculated over the trailing 6-month period

8.73%

20.08%

-11.35%

Volatility (1Y)

Calculated over the trailing 1-year period

10.58%

25.42%

-14.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.00%

34.15%

-20.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.83%

34.38%

-17.55%

IGF vs. TUR - Expense Ratio Comparison

IGF has a 0.39% expense ratio, which is lower than TUR's 0.59% expense ratio.

Dividends

IGF vs. TUR - Dividend Comparison

IGF's dividend yield for the trailing twelve months is around 2.94%, more than TUR's 2.09% yield.

PositionTTM20252024202320222021202020192018201720162015
IGF
iShares Global Infrastructure ETF		2.94%3.23%3.21%3.36%2.67%2.42%2.33%3.27%3.52%2.95%2.98%3.25%
TUR
iShares MSCI Turkey ETF		2.09%2.40%1.79%4.43%1.97%4.22%0.87%3.29%4.05%2.64%2.89%3.04%

Frequently Asked Questions

IGF and TUR have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TUR has higher volatility (14.05%) compared to IGF (3.85%). In terms of maximum drawdown, IGF dropped -58.33% vs TUR's -72.34%.

On 10-year performance, IGF leads with 8.67% vs 2.98% for TUR. On fees, IGF is cheaper at 0.39% per year. On volatility, IGF has been the lower-risk option at 3.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IGF has performed better with a 8.67% return vs 2.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IGF is cheaper with a 0.39% expense ratio, compared with 0.59% for TUR.

IGF has the higher dividend yield at 2.94%, compared with 2.09% for TUR.

IGF is categorized as Industrials Equities, while TUR is Emerging Markets Equities. IGF tracks S&P Global Infrastructure Index, while TUR tracks MSCI Turkey Investable Market Index. Their fees differ too: 0.39% for IGF and 0.59% for TUR.

IGF currently has the higher Sharpe Ratio (1.55 vs 1.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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